HKEX- listed Century Entertainment International Holdings has reported a sharp return to profitability for the six months ended September 30th, 2025 (1H26), marking what the Board described as a ‘remarkable turnaround’ driven by newly launched business lines, debt-settlement gains, and the reversal of prior impairment losses.
The Group posted revenue of HK$5.76 million ($736,000), its first top-line contribution since last year, after entering into a joint venture with Philippines-based World Platinum Technologies (WPT) on July 9th. The deal established Konphil Technology Company Limited (KTC), a non-wholly owned subsidiary focused on sub-licensing an online gaming platform in the Philippines, with the company holding 51 percent and WPT 49 percent.
KTC contributed HK$5.1 million ($652,000) in revenue during the period and operated at a high gross margin of 80.7 percent, generating HK$4.1 million ($524,000) in gross profit. Management said the shift away from the Group’s previous physical VIP-room model reflects its belief in the ‘huge market potential’ of online gaming platforms.
Century Entertainment reported a net profit of HK$26.37 million ($3.37 million) for the half-year, compared with a net loss of HK$11.42 million ($1.46 million) a year earlier. The result was boosted by a HK$3 million ($384,000) gain from offsetting assets and liabilities linked to a settlement agreement with former director Ng Man Sun, as well as the reversal of HK$30.2 million ($3.86 million) in previously recognized impairment losses on other receivables.
The Group’s new camellia oil trading business in mainland China added HK$690,000 ($88,000) in revenue, though it recorded a segment loss of HK$900,000 ($115,000). Management said the product line remains in its early stage but is expected to support broader diversification in the long term.
Beyond its online platform push, Century Entertainment said it continues to seek opportunities in gaming operations across the region. Work to reopen gaming tables in Cambodia remains underway, and on July 28th the company signed a letter of intent with a casino operator in Vietnam to explore potential expansion in the country.
The company ended the period with net liabilities of HK$98.6 million ($12.6 million). Directors noted that going-concern conditions remain subject to financial support from the Group’s major shareholder and the continued scaling of new revenue-generating business lines.
